Recent reports that VIP turnover at Imperial Pacific International Holdings‘ ‘temporary’ casino on Saipan had maxed out are bogus, according to the casino operator.
Ironically, the claim that the temporary casino’s VIP gaming turnover – which had been rolling around $2b per month in the first three months of 2016 – “will cease to grow and have become saturated” came from an Imperial Pacific public filing earlier this month, despite April’s VIP turnover topping $3.2b.
Mark Brown, CEO of Best Sunshine International, the Imperial Pacific subsidiary that operates the temporary casino, told Macau Business Daily this week that he “hated that line.” Brown said the saturation claim was only included in the filing because the numbers since last November’s launch “were so incredible” that the company was left wondering when the party would end.
Amazingly, Brown says the temporary casino has achieved this growth despite a lack of fixed relationships with junket operators. The casino has been handling its credit relationships with players on an internal basis, meaning no VIP gets to play on Saipan “unless we know you are.”